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MAPEI revenue slips to HUF 5.4 bln in 2010

MAPEI, the Hungarian unit of a family-owned Italian construction materials company, had revenue of HUF 5.4 billion in 2011, down HUF 200 million from the previous year, managing director Béla Markovich said.

The unit has sold HUF 51 billion of products since it was established 20 years ago, Markovich said.

MAPEI recently established the First Hungary Building Materials and Pavement Traders Network with 47 peers. The members of the network want to cut costs by organizing joint purchases and marketing campaigns.